ST. LOUIS--(EON: Enhanced Online News)--World Point Terminals, LP (the “Partnership”), a Delaware limited partnership (NYSE: WPT), announced today that the board of directors of its general partner declared a prorated cash distribution of $0.1565 per unit ($1.20 per unit on an annualized basis).
The cash distribution is the first paid by the Partnership since its initial public offering during the third quarter of this year. The declared distribution of $0.1565 per unit ($0.30 per unit on a full quarter basis) has been prorated for the portion of the quarter from the date the initial public offering closed on August 14, 2013 through September 30, 2013.
The distribution is payable on November 13, 2013 to unitholders of record on November 4, 2013.
About World Point Terminals, LP
World Point Terminals, LP is a master limited partnership that owns, operates, develops and acquires terminals and other assets relating to the storage of light refined products, heavy refined products and crude oil. The Partnership’s storage terminals are strategically located in the East Coast, Gulf Coast and Midwest regions of the United States. The Partnership is headquartered in St. Louis, Missouri.
Disclosures in this press release contain certain forward-looking statements within the meaning of the federal securities laws. Statements that do not relate strictly to historical or current facts are forward-looking. These statements contain words such as “possible,” “if,” “will” and “expect” and involve risks and uncertainties including, among others that our business plans may change as circumstances warrant. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The Partnership does not undertake any obligation to update or revise such forward-looking statements to reflect events or circumstances that occur, or which the Partnership becomes aware, after the date hereof.